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Hayoung Choi

Parent of South Korea's Asiana Airlines puts its $442 million stake up for sale

Apr 15 2019

SEOUL The top shareholder of South Korea's second-largest carrier, Asiana Airlines, said on Monday it would sell its entire stake in the debt-ridden firm to keep it afloat, sending shares of the carrier and its budget arm 30 percent higher.

Asiana Airlines reveals wider loss after auditor's red flags, shares plunge

Mar 26 2019

SEOUL Asiana Airlines revised its accounts and said its annual loss widened after auditors raised doubts about the financial statements of South Korea's second-biggest carrier, sending its shares tumbling almost 18 percent on Tuesday.

UPDATE 3-Asiana Airlines reveals wider loss after auditor's red flags, shares plunge

Mar 26 2019

* Asiana shares dive nearly 18 pct, shareholder Kumho sinks 28 pct (Adds comments from analyst, credit rating agency; updates stocks price)

South Korea's Asiana fails to get accounting sign-off; shares suspended

Mar 22 2019

SEOUL South Korea's second-biggest carrier Asiana Airlines Inc said on Friday an independent auditor has not signed off its 2018 financial statements due to a lack of information, rendering its stock at risk of being added to a watch list.

South Korea exports suffer biggest slide in nearly three years as China sales sag

Feb 28 2019

SEOUL South Korea's exports contracted at their steepest pace in nearly three years in February as demand from its major market China cooled further in yet another sign of faltering momentum in Asia's fourth-largest economy.

Bank of Korea holds rates as growth risks rise, to sit tight for while

Feb 27 2019

SEOUL South Korea's central bank kept interest rates steady on Thursday, a widely expected decision as policymakers shift their focus to supporting an economy facing increasing pressure from falling exports and slowing global growth.

UPDATE 1-Bank of Korea holds rates as growth risks rise, to sit tight for while

Feb 27 2019

* Inflation trails target, exports seen falling for 3rd mth (Adds analyst quotes, details)

South Korea February exports seen sliding most in nearly three years: Reuters poll

Feb 26 2019

SEOUL South Korean exports likely fell the most in nearly three years in February as China demand falters, a Reuters poll showed on Tuesday, pointing to further stresses caused by the Sino-U.S. trade conflict.

Bank of Korea seen holding steady this week, rest of 2019: Reuters poll

Feb 25 2019

SEOUL South Korea's central bank is widely expected to keep its base rate unchanged at its meeting on Thursday, though many analysts say policymakers are unlikely to cut rates this year to temper the rising stress on Asia's fourth-largest economy.

UPDATE 2-S.Korea Jan exports fall for 2nd month as China woes dim outlook

Jan 31 2019

* Trade surplus hits lowest since Feb 2014 (Adds breakdown, PMI data)

World News